Hello everyone, do you think 
EURUSD will rise or continue to fall?
The EUR/USD pair continues to face short-term selling pressure today, with the price recently forming significant resistance levels. At the time of writing, the pair is trading around 1.164.
This movement is largely driven by a combination of technical factors and market sentiment, especially concerns about the global economy, including inflation fears and rising U.S. Treasury yields. These factors have added further downward pressure on the EUR/USD pair.
As seen in the chart, the price is struggling to break the resistance but has been unsuccessful so far. The trendline remains intact, and the bearish momentum may continue. As long as the trendline is protected by the bears, the downward targets will accelerate, with the 1.160 level in sight.
What do you think? Will EUR/USD reverse, or will it continue heading towards the next support target? Let me know your thoughts!
The EUR/USD pair continues to face short-term selling pressure today, with the price recently forming significant resistance levels. At the time of writing, the pair is trading around 1.164.
This movement is largely driven by a combination of technical factors and market sentiment, especially concerns about the global economy, including inflation fears and rising U.S. Treasury yields. These factors have added further downward pressure on the EUR/USD pair.
As seen in the chart, the price is struggling to break the resistance but has been unsuccessful so far. The trendline remains intact, and the bearish momentum may continue. As long as the trendline is protected by the bears, the downward targets will accelerate, with the 1.160 level in sight.
What do you think? Will EUR/USD reverse, or will it continue heading towards the next support target? Let me know your thoughts!
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✅ Receive 7–10 high-quality signals daily for Forex, Gold, and Bitcoin
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
✅ Fast updates, accurate alerts
✅ Suitable for both beginners and experienced traders
👉 Join now by clicking this link:
t.me/+6v7LMJO7cI04Nzg1
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.